Ogden FHA Loans

OGDEN-CLEARFIELD, UT

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits

    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Ogden's 125 lenders originated 4,529 FHA loans during 2021. The total origination value was $1,410,445,000, with an average FHA loan value of $311,425.

    Ogden FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Ogden averaged 5.07% for the week of 2022-05-20, compared to the national average (all FHA variants) of 5.352% for the same period.

    The average rate for the prior week (2022-05-13) was 5.28% and one month ago for the week of 2022-04-15, the average rate was 4.77%.

    The average rate one year ago was 2.84%.

    For refis of the same type during the week of 2022-05-20, the average rate was 4.91%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Ogden FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Ogden level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    QUICKEN LOANS, LLC 228 2.66% $7,979
    UNITED WHOLESALE MORTGAGE, LLC 187 2.68% $9,866
    CITYWIDE HOME LOANS, LLC 180 3.07% $11,696
    ACADEMY MORTGAGE CORPORATION 159 3.19% $11,458
    CALIBER HOME LOANS, INC. 149 2.82% $8,807
    FREEDOM MORTGAGE CORPORATION 145 2.75% $6,281
    INTERCAP LENDING INC. 142 2.95% $11,208
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 123 3.02% $12,036
    SECURITYNATIONAL MORTGAGE COMPANY 122 3.04% $12,835
    LAKEVIEW LOAN SERVICING, LLC 110 2.85% $5,596
    GUILD MORTGAGE COMPANY 101 2.95% $10,977
    RANLIFE, INC. 94 2.86% $10,748
    CROSSCOUNTRY MORTGAGE, LLC 75 3.07% $12,455
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 74 3.03% $11,609
    VERITAS FUNDING, LLC 73 2.86% $10,920
    PRIMARY RESIDENTIAL MORTGAGE, INC. 68 3.18% $11,667
    Mr. Cooper ( Nationstar Mortgage ) 60 3.11% $5,941
    FIRST COLONY MORTGAGE CORPORATION 58 2.92% $11,688
    PENNYMAC LOAN SERVICES, LLC 57 2.92% $6,581
    HOME POINT FINANCIAL CORPORATION 55 2.65% $9,865
    BROKER SOLUTIONS, INC. 54 2.93% $11,164
    AMERICAN PACIFIC MORTGAGE CORPORATION 47 2.95% $9,949
    NEWREZ LLC 46 2.83% $7,287
    DIRECT MORTGAGE, CORP. 44 2.75% $12,870
    PRIMELENDING, A PLAINSCAPITAL COMPANY 36 3.03% $12,600
    Network Funding, L.P. 32 2.95% $12,821
    J. VIRGIL, INC. 32 2.91% $10,817
    GOLDENWEST 32 2.86% $9,404
    CANOPY MORTGAGE, LLC 31 2.81% $11,941
    Gateway First Bank 28 2.90% $8,854
    VILLAGE CAPITAL & INVESTMENT LLC 27 2.74% $4,314
    Carrington Mortgage Services, LLC 26 2.94% $9,334
    AMERICAN FINANCIAL NETWORK, INC. 25 3.25% $14,655
    Bank of Utah 25 3.06% $10,222
    MY MOVE MORTGAGE, LLC 25 2.80% $10,098
    Century Mortgage Company DBA Century Lending Company 24 2.86% $9,771
    LOANDEPOT.COM, LLC 22 3.03% $11,336
    Utah Mortgage Loan Corporation 22 3.02% $11,761
    UNITED SECURITY FINANCIAL CORP 21 2.70% $7,243
    LOANPAL, LLC 20 2.62% $11,319
    AMERICA FIRST 20 3.14% $10,162
    CORNERSTONE HOME LENDING, INC. 19 3.05% $11,636
    SECURITY HOME MORTGAGE, LLC. 19 3.01% $12,305
    MOUNTAIN AMERICA 18 2.57% $10,439
    SWBC MORTGAGE CORPORATION 16 3.13% $9,753
    NBH Bank 16 2.78% $10,297
    AMERISAVE MORTGAGE CORPORATION 15 2.76% $11,608
    MOVEMENT MORTGAGE, LLC 15 3.03% $9,711
    MID AMERICA MORTGAGE, INC. 14 3.12% $3,493
    Northpointe Bank 13 3.02% $10,774
    AMERICAN FINANCING CORPORATION 13 2.79% $8,280
    STEARNS LENDING, LLC 12 2.87% $10,140
    VAN DYK MORTGAGE CORPORATION 12 3.15% $11,693
    GUARANTEED RATE, INC. 11 2.73% $10,269
    DHI MORTGAGE COMPANY, LTD. 10 2.67% $8,994
    SUN WEST MORTGAGE COMPANY, INC. 10 2.89% $9,520
    FINANCE OF AMERICA MORTGAGE LLC 9 2.79% $10,600
    The Federal Savings Bank 9 2.71% $11,864
    PANORAMA MORTGAGE GROUP, LLC 9 3.20% $12,113
    MOUNTAIN WEST FINANCIAL, INC. 8 3.09% $14,550
    EVERLEND MORTGAGE COMPANY 8 2.91% $12,080
    SOVEREIGN LENDING GROUP INCORPORATED 8 2.91% $9,129
    MORIA DEVELOPMENT, INC. 8 3.25% $8,720
    CITY FIRST MORTGAGE SERVICES, L.L.C. 8 2.88% $9,318
    CMG MORTGAGE, INC. 8 2.81% $9,757
    Nations Lending Corporation 7 3.02% $13,854
    HOMEAMERICAN MORTGAGE CORPORATION 7 2.27% $7,572
    Paramount Residential Mortgage Group, Inc. 7 3.34% $10,822
    First Home Bank 6 2.83% $12,231
    Victorian Finance, LLC 6 3.04% $8,783
    DATA MORTGAGE, INC. 6 3.69% $13,851
    S1L, Inc. 6 3.52% $11,075
    Equity Prime Mortgage LLC 6 3.17% $9,078
    PLAZA HOME MORTGAGE, INC. 6 2.50% $8,156
    BECKAM FUNDING CORP. 5 3.10% $10,723
    Hometown Equity Mortgage, LLC 5 4.18% $13,418
    INSPIRE HOME LOANS INC. 5 2.75% $16,386
    CYPRUS Federal Credit Union 4 2.78% $11,970
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 2.72% $8,686
    KELLER MORTGAGE, LLC 4 2.66% $8,975
    OCEANSIDE MORTGAGE COMPANY 4 2.75% $3,628
    GUARANTEED RATE AFFINITY, LLC 4 2.84% $11,520
    Low VA Rates, LLC 3 3.04% $4,277
    First Guaranty Mortgage Corporation 3 2.83% $7,363
    Barrington Bank & Trust Company, N.A. 3 3.17% $8,054
    CHERRY CREEK MORTGAGE, LLC 3 2.92% $3,260
    CELEBRITY HOME LOANS, LLC 3 2.83% $9,125
    EVERETT FINANCIAL, INC. 3 3.71% $9,285
    AXIA FINANCIAL, LLC 3 2.83% $9,463
    Commerce Home Mortgage, Inc. 3 2.83% $8,828
    BAY EQUITY LLC 3 2.91% $12,237
    Flagstar Bank, FSB 3 2.71% $9,270
    Amerifirst Financial, Inc. 3 3.21% $7,473
    Zions Bancorporation, N.A. 2 3.13% $8,061
    Wyndham Capital Mortgage, Inc. 2 2.69% $6,621
    BELEM SERVICING LLC 2 2.69% $12,581
    Austin Capital Bank SSB 2 3.75% $9,820
    UTAH COMMUNITY 2 2.88% $10,505
    Magnolia Bank 2 2.94% $12,262
    Plains Commerce Bank 2 2.56% $12,742
    Strong Home Mortgage, LLC 2 2.38% $7,170
    NATIONS DIRECT MORTGAGE, LLC 1 3.75% $19,304
    Wells Fargo Bank 1 2.75% $3,461
    WESTERN EXPRESS LENDING 1 3.00% $7,899
    Willamette Valley Bank 1 3.25% $9,459
    GENEVA FINANCIAL, LLC 1 2.75% $8,858
    Wasatch Peaks Federal Credit Union 1 2.75% $7,418
    Mortgage Research Center, LLC 1 2.63% $6,384
    NEST HOME LENDING, LLC 1 3.00% $16,409
    CHURCHILL MORTGAGE CORPORATION 1 3.50% $7,490
    OCMBC, INC. 1 3.25% $8,708
    LENDUS, LLC 1 3.75% $7,920
    LAND HOME FINANCIAL SERVICES, INC. 1 3.75% $18,189
    Cache Valley Bank 1 2.50% $9,772
    DIRECTORS MORTGAGE, INC. 1 3.25% $10,971
    JPMorgan Chase Bank 1 2.38% $15,209
    Bank of America 1 2.88% $11,452
    INTERNATIONAL CITY MORTGAGE, INC. 1 3.00% $8,915
    D. L. Evans Bank 1 3.00% $11,266
    SUN AMERICAN MORTGAGE COMPANY 1 2.99% $15,990
    HOMESIDE FINANCIAL, LLC 1 3.63% $7,908
    EAGLE HOME MORTGAGE, LLC 1 3.00% $14,041
    U.S. Bank 1 3.25% $10,143
    EMBRACE HOME LOANS, INC. 1 2.88% $10,436
    GUARANTY HOME MORTGAGE CORPORATION 1 2.50% $8,532

    The top Ogden FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 228 FHA loans originated. Their average total fees are $7,979, which is $1,886 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Ogden FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($3,493), VILLAGE CAPITAL & INVESTMENT LLC ($4,314), LAKEVIEW LOAN SERVICING, LLC ($5,596), Mr. Cooper ( Nationstar Mortgage ) ($5,941) and FREEDOM MORTGAGE CORPORATION ($6,281).

    The lowest rate Ogden FHA lenders (with over 10 loans originated) are MOUNTAIN AMERICA (2.57%), LOANPAL, LLC (2.62%), HOME POINT FINANCIAL CORPORATION (2.65%), QUICKEN LOANS, LLC (2.66%) and DHI MORTGAGE COMPANY, LTD. (2.67%).

    Ogden FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    OGDEN-CLEARFIELD, UT BOX ELDER 2020 $646,300 $827,400 $1,000,100 $1,242,900
    OGDEN-CLEARFIELD, UT DAVIS 2020 $646,300 $827,400 $1,000,100 $1,242,900
    OGDEN-CLEARFIELD, UT MORGAN 2020 $646,300 $827,400 $1,000,100 $1,242,900
    OGDEN-CLEARFIELD, UT WEBER 2020 $646,300 $827,400 $1,000,100 $1,242,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).